# STMicroelectronics to acquire majority stake in GaN innovator Exagan

STMicroelectronics signed an agreement to acquire a majority stake in French Gallium Nitride (GaN) innovator Exagan, with a plan to acquire the remaining minority stake after 24 months. The acquisition aims to accelerate ST's GaN roadmap for automotive, industrial, and consumer applications. Terms were not disclosed.

- Type: Acquisition
- Announced: 2020-03-05
- Where: France
- Status: announced
- Products: gallium nitride (GaN) power semiconductors
- Sectors: [Semiconductors and Industrial Electronics](https://endata.com/sectors/semiconductors-electronics.md)

## Companies

- [STMicroelectronics](https://endata.com/companies/21952.md) (acquirer)
- [Exagan](https://endata.com/companies/45741.md) (target)

## Sources

- [newsroom.st.com](https://newsroom.st.com/media-center/press-item.html/c2946.html), 2020-03-05: "STMicroelectronics (NYSE: STM), a global semiconductor leader serving customers across the spectrum of electronics applications, today announced it has signed an agreement to acquire a majority stake in French Gallium Nitride (GaN) innovator Exagan."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.